Hudson Pacific Properties Inc (HPP)

Name: Hudson Pacific Properties Inc Financial Statements
Creator: Quarter Results

Real Estate | REIT Office

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$182M

Net Income

-$48.0M

Operating Margin

-8.2%

Free Cash Flow

$98.9M

Debt / Assets

55.9%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Hudson Pacific Properties Inc (HPP).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	181,852,000	198,459,000	209,666,000	166,942,000
Cost of Revenue	262,975,000	113,258,000	115,926,000	49,059,000
Gross Profit	-81,123,000	85,201,000	93,740,000	117,883,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	12,575,000	18,483,000	19,492,000	19,544,000
Operating Expenses	-66,185,000	111,568,000	108,593,000	30,443,000
Operating Income	-14,938,000	-26,367,000	-14,853,000	87,440,000
Interest Expense	37,994,000	39,047,000	44,140,000	45,005,000
Income Before Tax	-50,556,000	-80,084,000	-174,533,000	-104,830,000
Income Tax Expense	348,000	194,000	-1,052,000	2,183,000
Net Income	-48,040,000	-71,909,000	-166,149,000	-95,268,000
Per Share
EPS	-0.82	-0.53	-1.18	-0.69
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Hudson Pacific Properties Inc (HPP).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	831,105,000	842,082,000	952,297,000	1,026,224,000	896,835,000
Cost of Revenue	1,181,264,000	454,079,000	454,590,000	413,818,000	335,847,000
Gross Profit	-350,159,000	388,003,000	497,707,000	612,406,000	560,988,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	72,953,000	79,451,000	74,958,000	79,501,000	72,478,000
Operating Expenses	-302,604,000	433,876,000	472,804,000	452,720,000	416,092,000
Operating Income	-47,555,000	-45,873,000	29,028,000	179,892,000	144,896,000
Interest Expense	172,218,000	177,393,000	214,415,000	149,901,000	111,476,000
Income Before Tax	-592,571,000	-379,765,000	-163,904,000	-16,517,000	29,012,000
Income Tax Expense	-273,000	1,641,000	6,796,000	149,901,000	0
Net Income	-551,693,000	-343,343,000	-173,889,000	-166,418,000	10,047,000
Per Share
EPS	-12.81	-2.58	-1.36	-1.16	0.04
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Hudson Pacific Properties Inc (HPP).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	138,358,000	63,256,000	100,391,000	255,761,000
Short Term Investments	0	0	6,441,000	9,292,000
Net Receivables	210,348,000	214,253,000	245,396,000	296,730,000
Inventory	0	0	0	4,914,000
Total Current Assets	348,706,000	408,746,000	377,238,000	774,536,000
Property Plant Equipment	405,655,000	497,893,000	495,089,000	531,340,000
Goodwill and Intangibles	316,144,000	484,043,000	591,094,000	657,391,000
Total Assets	7,267,968,000	8,132,239,000	8,282,050,000	9,319,140,000
Liabilities
Account Payables	0	0	203,187,000	264,098,000
Short Term Debt	1,079,767,000	579,000,000	430,521,000	385,000,000
Total Current Liabilities	343,886,000	803,978,000	395,736,000	264,763,000
Long Term Debt	4,105,366,000	4,043,984,000	4,167,349,000	5,051,799,000
Total Liabilities	4,063,003,000	4,964,323,000	4,720,881,000	5,444,265,000
Shareholders Equity
Retained Earnings	0	0	0	108,720,000
Total Shareholders Equity	2,972,157,000	2,855,470,000	3,078,014,000	3,305,104,000

Balance sheet annual history for Hudson Pacific Properties Inc (HPP).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	138,358,000	63,256,000	100,391,000	255,761,000	96,555,000
Short Term Investments	0	0	6,441,000	9,292,000	129,321,000
Net Receivables	210,348,000	214,253,000	245,396,000	296,730,000	265,645,000
Inventory	0	0	0	4,914,000	1,578,000
Total Current Assets	348,706,000	408,746,000	377,238,000	774,536,000	899,179,000
Property Plant Equipment	405,655,000	497,893,000	495,089,000	531,340,000	345,510,000
Goodwill and Intangibles	316,144,000	484,043,000	591,094,000	657,391,000	450,883,000
Total Assets	7,267,968,000	8,132,239,000	8,282,050,000	9,319,140,000	8,990,189,000
Liabilities
Account Payables	0	0	203,187,000	264,098,000	0
Short Term Debt	1,079,767,000	579,000,000	430,521,000	385,000,000	125,000,000
Total Current Liabilities	343,886,000	803,978,000	395,736,000	264,763,000	429,857,000
Long Term Debt	4,105,366,000	4,043,984,000	4,167,349,000	5,051,799,000	4,096,847,000
Total Liabilities	4,063,003,000	4,964,323,000	4,720,881,000	5,444,265,000	4,793,197,000
Shareholders Equity
Retained Earnings	0	0	0	108,720,000	165,219,000
Total Shareholders Equity	2,972,157,000	2,855,470,000	3,078,014,000	3,305,104,000	3,741,822,000

Cash flow quarterly history for Hudson Pacific Properties Inc (HPP).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-572,245,000	-381,406,000	-170,700,000	-16,517,000
Depreciation & Amortization	374,967,000	355,628,000	394,363,000	367,918,000
Stock Based Compensation	30,399,000	26,009,000	23,863,000	24,296,000
Change in Working Capital	-104,678,000	-25,670,000	-33,002,000	-10,627,000
Operating Cash Flow	120,977,000	164,657,000	232,256,000	369,501,000
Investing Activities
Capital Expenditure	-22,071,000	-23,063,000	-5,740,000	-116,668,000
Investments	-22,071,000	-23,063,000	-5,740,000	-116,668,000
Investing Cash Flow	42,845,000	-250,539,000	467,841,000	-378,094,000
Financing Activities
Debt Repayment	-744,870,000	142,741,000	-1,203,632,000	-643,212,000
Common Stock Issued/Repurchased	654,505,000	0	526,522,000	-237,206,000
Dividends Paid	-351,000	-36,177,000	-75,760,000	-168,751,000
Financing Cash Flow	-100,871,000	65,903,000	-866,672,000	97,448,000
Summary
Free Cash Flow	98,906,000	141,594,000	226,516,000	252,833,000
Net Change in Cash	62,951,000	-19,979,000	-166,575,000	88,855,000

Cash flow annual history for Hudson Pacific Properties Inc (HPP).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-572,245,000	-381,406,000	-170,700,000	-16,517,000	10,047,000
Depreciation & Amortization	374,967,000	355,628,000	394,363,000	367,918,000	334,566,000
Stock Based Compensation	30,399,000	26,009,000	23,863,000	24,296,000	21,163,000
Change in Working Capital	-104,678,000	-25,670,000	-33,002,000	-10,627,000	-54,296,000
Operating Cash Flow	120,977,000	164,657,000	232,256,000	369,501,000	314,863,000
Investing Activities
Capital Expenditure	-22,071,000	-23,063,000	-5,740,000	-116,668,000	-125,228,000
Investments	-22,071,000	-23,063,000	-5,740,000	-116,668,000	-125,228,000
Investing Cash Flow	42,845,000	-250,539,000	467,841,000	-378,094,000	-754,208,000
Financing Activities
Debt Repayment	-744,870,000	142,741,000	-1,203,632,000	-643,212,000	-1,121,397,000
Common Stock Issued/Repurchased	654,505,000	0	526,522,000	-237,206,000	-1,163,000
Dividends Paid	-351,000	-36,177,000	-75,760,000	-168,751,000	-155,172,000
Financing Cash Flow	-100,871,000	65,903,000	-866,672,000	97,448,000	486,681,000
Summary
Free Cash Flow	98,906,000	141,594,000	226,516,000	252,833,000	189,635,000
Net Change in Cash	62,951,000	-19,979,000	-166,575,000	88,855,000	47,336,000